Common use of Use of Corporate Funds Clause in Contracts

Use of Corporate Funds. Pay out any funds to any company or person except (a) in the ordinary course of business in connection with the management of the business of the Borrower and its Subsidiaries, including the operation and/or repair of the Units and other vessels owned or operated by such parties and (b) the servicing of the Indebtedness permitted hereunder (but excluding, any prepayments of any Indebtedness other than the Advances);

Use of Corporate Funds. Pay (except for the SOYANG Investment and Permitted Drydocking Costs) pay out any funds to any company or person except (a) in the ordinary course of business in connection with the management of the business of the Borrower and its Subsidiaries, including the operation and/or repair of the Units Vessels and other vessels owned or operated by such parties and (b) the servicing of the Indebtedness permitted hereunder (but excluding, any prepayments of any Indebtedness other than the AdvancesLoan);

Use of Corporate Funds. Pay out any funds to any company or person Person except (a) in the ordinary course of business in connection with the management of the business of the Borrower Obligors and its Subsidiariesthe Guarantor, including the operation and/or repair of the Units and other vessels owned or operated by such parties Vessels and (b) the servicing of the Indebtedness permitted hereunder (but excluding, any prepayments of any Indebtedness other than to the Advances)Banks;

Use of Corporate Funds. Pay (except for the SOYANG Investment and Permitted Drydocking Costs) pay out any funds to any company or person except (ai) in the ordinary course of business in connection with the management of the business of the Borrower and its Subsidiaries, including the operation and/or repair of the Units Vessels and other vessels owned or operated by such parties and (bii) the servicing of the Indebtedness permitted hereunder (but excluding, any prepayments of any Indebtedness other than the AdvancesLoan);

Use of Corporate Funds. Pay out any funds to any company or person except (a) in the ordinary course of business in connection with the management of the business of the Borrower Borrowers and its Subsidiariesthe Guarantor, including including, without limitation, the operation and/or repair of the Units and other vessels owned or operated by such parties Rigs and (b) the servicing of the Indebtedness indebtedness to the Lenders or indebtedness otherwise permitted hereunder (but excluding, any prepayments of any Indebtedness other than the Advances)by this Agreement;

Use of Corporate Funds. Pay pay out any funds to any company or person except (ai) in the ordinary course of business in connection with the management of the business of the Borrower and its Subsidiariesany Obligor, including the operation and/or repair of the Units Relevant Vessels and other vessels owned or operated by such parties any Obligor, and (bii) the servicing of the Indebtedness permitted hereunder (but excluding, any prepayments of any Indebtedness other than the Advances)hereunder;

Use of Corporate Funds. Pay out any funds to any company or person except (a) in the ordinary course of business in connection with the management of the business of the Borrower and its Subsidiaries, including the operation and/or repair of the Units and other vessels owned or operated by such parties and (b) the servicing of the Indebtedness permitted hereunder (but excluding, any prepayments of any Indebtedness other than the Advances);; and

Use of Corporate Funds. Pay out any funds to any company or person except (ai) in the ordinary course of business in connection with the management of the business of the Borrower and its SubsidiariesBorrower, including the operation and/or repair of the Units Vessels and other vessels owned or operated by such parties and (bii) the servicing of the Indebtedness Funded Debt permitted hereunder (but excluding, any repayments or prepayments of any Indebtedness Funded Debt other than the AdvancesFacility);

Use of Corporate Funds. Pay Except as permitted under Sections 9.2(b) and 9.2(k) above, pay out any funds to any company or person except (ai) in the ordinary course of business in connection with the management of the business of the Borrower and its Subsidiariesa Borrower, including the operation and/or repair of the Units Vessels and other vessels owned or operated by such parties and Borrower, (bii) the servicing of the Indebtedness permitted hereunder (but excluding, any prepayments of any Indebtedness other than the AdvancesLoan);